White Lighthouse Investment Management Inc. acquired a new stake in shares of Procter & Gamble Co (NYSE:PG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,459 shares of the company’s stock, valued at approximately $502,000.
A number of other hedge funds also recently modified their holdings of the stock. Trillium Asset Management LLC boosted its holdings in Procter & Gamble by 2.0% in the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock worth $14,842,000 after acquiring an additional 3,387 shares in the last quarter. Aviva PLC boosted its holdings in Procter & Gamble by 1.7% in the second quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock worth $158,162,000 after acquiring an additional 30,897 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Procter & Gamble by 1,094.3% in the third quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock worth $67,025,000 after acquiring an additional 675,013 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in Procter & Gamble by 21.9% in the third quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock worth $686,000 after acquiring an additional 1,356 shares in the last quarter. Finally, Spectrum Management Group Inc. boosted its holdings in Procter & Gamble by 221.4% in the third quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock worth $2,980,000 after acquiring an additional 22,565 shares in the last quarter. 61.05% of the stock is currently owned by institutional investors.
Procter & Gamble Co (PG) opened at $79.98 on Tuesday. Procter & Gamble Co has a 12 month low of $77.90 and a 12 month high of $94.67. The stock has a market capitalization of $201,330.00, a PE ratio of 20.32, a PEG ratio of 2.50 and a beta of 0.58. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 70.23%.
PG has been the subject of several recent analyst reports. Deutsche Bank initiated coverage on Procter & Gamble in a report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price target for the company. Morgan Stanley raised their price target on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, January 8th. Finally, Goldman Sachs Group raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $87.37.
In related news, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathleen B. Fish sold 10,192 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $86.97, for a total value of $886,398.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,011 shares of company stock valued at $9,710,976. 0.35% of the stock is owned by company insiders.
Procter & Gamble Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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